IoT Security Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2023-2032. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the IoT security market include AT&T Inc., Check Point Security Software Technologies Ltd., Cisco Systems, Inc., Gemalto NV, IBM Corporation, Infineon Technologies, PTC Inc., Symantec Corporation, Trustwave and Verizon Enterprises Solutions. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
Rising cases of cyber wars, cyber attacks, and cyber terrorism has driven the demand for IoT security. Also, rising integration for smart devices such as smart phones, tablets, watches, and others is further pushing the market growth upwards. Increasing demand of IoT devices among telecom, automotive, healthcare, BFSI, IT and others to enable better services is again boosting demand for IoT security. Whereas, lack of skilled professionals followed by low awareness regarding IoT security is likely to suppress the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of IoT security.
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Market Segmentation
The broad IoT security market has been sub-grouped into type, solution, service and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
- Solutions (Identity Access & Management, Data Encryption & Tokenization, Device Management, Security analytics, Unified Threat Management (UTM), Others (Intrusion Detection And Prevention System, Secure Communication))
- Services (Consulting & Implementation, Training and Education, Support and Maintenance, Professional, Managed Security Services)
By Deployment
- Cloud
- On-premise
By Enterprise Size
- SME's
- Large Enterprises
By Product Type
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others (web Security, data security)
By End-User Industry
- Consumer IoT
- Industrial (Manufacturing, Retail, IT and Telecommunication, BFSI, Government & Defense, Transportation & Automotive, Energy & Utilities, Healthcare , Others (Media & Entertainment))
By Application
- Smart Homes
- Smart Manufacturing
- Connected Logistics
- Connected Healthcare
- Smart Retail
- Others (Smart Education, Smart Meters)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for IoT security in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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